$28,000 Bitcoin price. How explain falling price to worried newbies ?

[blockman]

Tell your friend, wherever he's effective to trade, he should just stay there. But it's okay to remain with his curiosity about the crypto market because that shall give him the idea of how volatile it is just like forex.
Honestly, when someone asks you about how sure they are with their money and if it's going to profit as they invest in bitcoin. You tell them that in every investment there's a risk. Because if you guarantee them that they'll earn, you'll be the one that will be chased by them if a total bear comes in.

[Viscore]

Cryptocurrencies were never "safe". Outside of bitcoin, pretty much every single cryptocurrency outside stablecoins are very very experimental.

But to answer the currency question: most currencies are widely widely adopted and have been traded for multiple decades. Bitcoin is like more than a decade old, and most people don't even know what it does and why it's important.

As to your friend: if he thinks he can profit off of forex far easier, then why even force him to this industry? You don't necessarily need bitcoin or crypto to get rich.

I think not only cryptocurrencies but in most types of investments, they were never safe actually. Though we can still expect profits, but we don't know how long it lasts or it may just fall into a sudden bankruptcy. And bitcoin is not an exception. And its not even a guaranteed investment to make us rich, so if he finds forex more profitable than crypto, then stick to it. Bitcoin is just another option for those who become hopeless to make profits.

[ninis45]

I don't think there is anything we can do unless they ask what we should do about the current market, all investments are risky as a newcomer of course he is not an idiot, and has been looking for plus and minus information about the investments he will make in the world both crypto and forex do not promise guaranteed profits.
and we can not presume words ... when everything is wrong by comparing one investment to another. a manly man knows for sure with an attitude and a decision without regrets

[Oceat]

I don't think there is anything we can do unless they ask what we should do about the current market, all investments are risky as a newcomer of course he is not an idiot, and has been looking for plus and minus information about the investments he will make in the world both crypto and forex do not promise guaranteed profits.
and we can not presume words ... when everything is wrong by comparing one investment to another. a manly man knows for sure with an attitude and a decision without regrets

One should understand that it's all part of the market/investment to see a pump or dump and it's normal. No one should stressed themselves just because their investment turn red all of a sudden. The same applies when the market is in bull run too, you take profit when bull run and you buy when the market is in red/dip that's how the market should someone perceive and not the other way around. The market won't always be pumping forever because it will surely gonna lose its value over time.

[cryptomaniac_xxx]

I don't think there is anything we can do unless they ask what we should do about the current market, all investments are risky as a newcomer of course he is not an idiot, and has been looking for plus and minus information about the investments he will make in the world both crypto and forex do not promise guaranteed profits.
and we can not presume words ... when everything is wrong by comparing one investment to another. a manly man knows for sure with an attitude and a decision without regrets

Of course, we don't have control of the market's movement and as much as we want to see the price going up (same with newbies), it will not be the case.

As for beginners, then welcome to crypto world, unstable market, with a lot of going up and down and no one knows for sure when is the next movement. I guess if you see profits already, then take it, specially in a bearish one. And again, we have say this many times already, have patience, that is the key to survive in a bear market.

[South Park]

Bitcoin fell to $28,000. It's price changes in short spaces it's bad for investors.

A friend asked if cryptocurrencies are safe. I explained it's safe up to his limit if he's willing to lose what he's invested. I said I'm happy with my investment but I can't explain what main causes help big drop in value.

He said if he'd invested $5000 on Dec 12 to buy BTC0.1 it's value would be $2,800 today. He said if he'd traded Forex he'd make better profit. What's behind cryptocurrency prices falling fast.

Is it basic economics pumps&dumps and buy&sell? He asked why don't USD, CAD, EUR, GBP, JPY drop values in fast ways like cryptocurrencies do. What's the easiest way I tell newbies the difference why fiat and cryptocurrencies price falls?

I've sent him this Gemini website so I hope he's going to understand. How will you tell newbies cryptocurrencies are safe investments when they're paying in fiat. They're always looking at the investment plus or minus using fiat. I've tried to explain to him but I can't.

Personally I would not bother explaining your friend anything about it and the reason is quite simple, he is only interested in the short term variations in the price, he is not seeing the big picture and when that is the case those people are only interested in the market that is the hottest at the moment, and without a doubt the bitcoin market does not fulfills that condition, so let him invest in whatever he wants as you will never change the opinion of someone like him.

[arabspaceship123]

Thanks everyone. I'm locking this thread it isn't needed now  

[rodskee]

Newbies should understand  and learn the market first before entering , this means we do not need explanation to them if they are doing their Homework from the start.

Newbies will only experience losses if they are greedy and not paying attention to the market movement .

and 28k? this is still high as we can expect in this second year from the bull market.

Thanks everyone. I'm locking this thread it isn't needed now 

best to lock it now mate , and besides the thread is now spammed and need no continuity to discuss .

[arabspaceship123]

I must've forgot. It's locked.